DMX’s Estate Worth Less Than $1 Million at Time of Death, Court Papers Show
Despite selling more than 74 million albums, will filed in Westchester by the late rapper’s daughters reveals he left less than $50,000, while his sons put his estate’s value at under $1 million.
AceShowbiz –DMX might have left behind a legacy richer in music than finances. Despite selling more than 74 million albums throughout his globally successful career in music and movies, the hip-hop legend is believed to have left less than $1 million when he died on April 9.
The shocking estimates are unveiled through a pair of court documents filed by 5 of the late rap star’s 15 children. The first Surrogate’s Court filing in Westchester County was submitted on May 10 by DMX’s daughters Sasha Simmons and Jada Oden, while court papers dated May 21 were filed on behalf of his sons Xavier, Tacoma and Sean Simmons.
According to NY Daily News, DMX’s daughters estimated that his estate is worth less than $50,000 at the time of his death, while the sons put the value of his estate at under $1 million. Both groups are seeking to become administrators of the rap star’s estate. Lawyers for both the daughters and the sons have not released a statement on the court filing.
Meanwhile, a source familiar with the estate believes its value could increase dramatically in the years ahead given the popularity of the music and legacy left behind by the rap icon. “I don’t doubt it,” said the source. “This music will last into eternity.”
Adding to his vast catalogue which already includes hits like “Party Up (In Here)”, “Slippin’ ” and “Get at Me Dog”, DMX’s new song “Hood Blues” has been released online. Featuring Griselda‘s Westside Gunn, Conway The Machine and Benny the Butcher, the song debuted on Tuesday, May 25.
The newly-released tune is among DMX’s 13-track posthumous album that has been put together with the help of longtime producer Swizz Beatz and Def Jam Recordings. Titled “Exodus”, the project also features guest vocals from Nas, Jay-Z, Lil Wayne, Snoop Dogg, Alicia Keys, Usher and U2‘s Bono among others.
DMX passed away last month due to organ failures following a week of hospitalization. He was rushed to White Plains Hospital on April 2 after suffering a heart attack at his home possibly resulting from a drug overdose. He was in a “vegetative state” with “lung and brain failure and no current brain activity” and never regained consciousness.
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